OSIM: Rejected at 50D SMA Resistance
OSIM was rejected at 50D SMA Resistance with an Evening Star Reversal pattern.
Öriginal post by Marubozu from My Stocks Investing Journey https://mystocksinvesting.com
OSIM was rejected at 50D SMA Resistance with an Evening Star Reversal pattern.
Öriginal post by Marubozu from My Stocks Investing Journey https://mystocksinvesting.com
Frasers Commercial Trust (FCOT) Fundamental Analysis base on Investor Meeting on June 20-2015.
Frasers Commercial Trust Technical Analysis
Frasers Commercial Trust (FCOT) is still trading above the 200D SMA support and still maintain a long term up trend. However, investors have to be cautious because a Head and Shoulder (trend reversal) chart pattern is in formation. Watch whether FCOT can stay above 200D SMA support.
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OCBC rejected at the previous resistance turned support level (purple line) with an Evening Star reversal pattern. Expect short term pull back to $10.00 long term up trend support line at about $10.00.
A good shorting opportunity for OCBC stock with high reward versus risk ratio.
Note: Earning Release on July 31, 2015.